v3.26.1
Property, Plant and Equipment
 12 Months Ended
Dec. 31, 2025
Disclosure of detailed information about property, plant and equipment [abstract]  
Property, Plant and Equipment 4. Property, Plant and Equipment
(in thousands of $)
IT, office and
lab equipment
Right-of-use
assets
Buildings
Right-of-use
assets Vehicles
Leasehold
improve­ments
Leased
equipment
Total
Cost
On January 1, 2023
$
8,160
$
19,815
$
3,980
$
1,981
$
346
$
34,282
Additions
937
8,770
2,327
48
—
12,082
Disposals
(202)
—
(757)
(54)
—
(1,013)
On December 31, 2023
8,895
28,585
5,550
1,975
346
45,351
Additions
1,039
20,639
5,492
982
—
28,152
Disposals
(220)
(234)
(333)
—
—
(787)
On December 31, 2024
9,714
48,990
10,709
2,957
346
72,716
Additions
2,740
9,478
10,408
4,532
—
27,158
Disposals
(1,107)
(11,555)
(3,243)
—
—
(15,905)
On December 31, 2025
$
11,347
$
46,913
$
17,874
$
7,489
$
346
$
83,969
Depreciation and impairment
On January 1, 2023
$
(5,454)
$
(8,948)
$
(2,145)
$
(1,350)
$
(150)
$
(18,047)
Depreciation
(1,539)
(2,839)
(971)
(189)
(36)
(5,574)
Disposals
189
—
757
—
—
946
On December 31, 2023
(6,804)
(11,787)
(2,359)
(1,539)
(186)
(22,675)
Depreciation
(1,252)
(3,657)
(2,067)
(234)
(35)
(7,245)
Disposals
155
234
333
—
—
722
On December 31, 2024
(7,901)
(15,210)
(4,093)
(1,773)
(221)
(29,198)
Depreciation
(1,660)
(6,135)
(4,272)
(1,143)
(34)
(13,244)
Disposals
1,107
2,825
2,788
—
—
6,720
On December 31, 2025
$
(8,454)
$
(18,520)
$
(5,577)
$
(2,916)
$
(255)
$
(35,722)
Carrying Amount
On December 31, 2023
$
2,091
$
16,798
$
3,191
$
436
$
160
$
22,675
On December 31, 2024
1,813
33,780
6,615
1,184
125
43,517
On December 31, 2025
$
2,893
$
28,393
$
12,297
$
4,573
$
91
$
48,247
Depreciation is recognized as from the moment when the asset is ready for its intended use to depreciate the cost of the
assets less their residual values over their useful lives, using the straight-line method. Unless revised due to specific
changes in the estimated useful life, annual depreciation rates are as follows:
•Office and lab equipment: three to five years
•IT equipment: three years
Depreciation of right-of-use assets is done over the expected duration of the lease including lease extensions where
applicable.
As of December 31, 2025, there are no material commitments to acquire property, plant and equipment. Furthermore, no
items of property, plant and equipment are pledged. See “Note 20 — Leases” for information for leases where the
Company is a lessee.